Metro Phoenix housing market has best month in a decade April just might have been the best month for metro Phoenix's housing market in a decade. Foreclosures fell to the lowest level since 2006. Homebuilding continued to rebound. Phoenix kept its spot as one of most affordable big metro areas for ...
More Phoenix homeowners have equity now Fewer metro Phoenix homeowners are underwater now, according to CoreLogic. Approximately 19.5% of the Valley's homeowners owed more than their house is worth as of June 30, down from 21% at the end of this year's first quarter. At the worst of the housing cra ...
Phoenix-area home sales, prices cool in July In Metro Phoenix, both sales and prices dipped in July. Home sales fell 4.5% and the median home sales price inched down to $210,000 compared with June, according to the W.P. Carey School of Business at Arizona State University. The housing market's mode ...
Ariz. homebuilders offering deals New-home prices across metro Phoenix soared too high and too fast in 2012 and 2013 for many buyers to handle, leading to a slump in sales. Home prices have dropped slightly this summer, and builders are trying to lure buyers by offering incentives that include lowe ...
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News Article From: 12-21-2005

The first article, Real Estate: Is the party over, from Fortune via CNN.com, reports on a study prepared by Moody's Economy.com and home property valuation company Fiserv CSW that looked at predicted home appreciation in the 100 largest metro areas of the country for 2006 and 2007. Nationally they predict a 7 percent appreciation in 2006 and flat appreciation for 2007. But markets that have seen the greatest appreciation over the past five years appear to be vulnerable. The study predicts that at some point in the next two years, a third of the nations largest metro areas are expected to see modestly falling home prices. They include Phoenix in this category, predicting a 2 percent increase in home values in 2006, and a 3.7 percent drop in prices in 2007. The say Las Vegas home prices are expected to drop 7.9 percent in 2006 and 5 percent in 2007. The article contains a table showing the 100 largest metro areas and their forecast for home appreciation in each of these market areas.
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